Being ultra-rich is more about controlling society's destiny, not about how one lives.
Whether that's hood or bad is hard to say without checking what a specific person does with all that control, and what would the others do if the control was not so centralized in so few.
It has. What you’re missing is that everybody on this forum is part of the top one percent: it all depends on the scale.
On a global scale, if you live in the west, most likely you’re in the top 1%.
Hardly. People here have a higher-than-one-percent chance of being in the top 1%, but it's a long way from "everyone here".
> On a global scale, if you live in the west, most likely you’re in the top 1%.
Obviously wrong. The global population is 8 billion; the US plus the EU is about 700 million.